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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Sep. 26, 2021
Sep. 27, 2020
Mar. 28, 2021
Cash flows from operating activities:          
Net income $ 3,545 $ 3,655 $ 9,308 $ 7,655  
Adjustments to reconcile net income to net cash provided by operating activities          
Depreciation and amortization 270 302 548 612  
Non-cash rental expense     208 127  
Amortization of debt issuance costs     346 346  
Share-based compensation expense     58 58  
Provision for doubtful accounts     27 27 $ 101
Deferred income taxes     (16) (16)  
Changes in operating assets and liabilities:          
Accounts and other receivables, net     (3,192) 2,114  
Inventories     (324) (179)  
Prepaid expenses and other current assets     713 560  
Other assets     10 9  
Accounts payable, accrued expenses and other current liabilities     830 (2,166)  
Deferred franchise fees     346 (83)  
Other liabilities     60 43  
Net cash provided by operating activities     8,922 9,107  
Cash flows from investing activities:          
Purchase of property and equipment     (343) (318)  
Net cash used in investing activities     (343) (318)  
Cash flows from financing activities:          
Dividends paid to stockholders     (2,880) (2,880)  
Payments of withholding tax on net share settlement of share-based compensation plans     (7) (6)  
Repurchase of treasury stock     0 (1,501)  
Net cash used in financing activities     (2,887) (4,387)  
Net increase in cash and cash equivalents     5,692 4,402  
Cash and cash equivalents, beginning of period     81,064 77,117 77,117
Cash and cash equivalents, end of period $ 86,756 $ 81,519 86,756 81,519 $ 81,064
Cash paid during the period for:          
Interest     4,969 4,969  
Income taxes     $ 2,673 $ 2,743  
Non-cash financing activity:          
Dividends declared per share (in dollars per share) $ 0.35 $ 0.35 $ 0.70 $ 0.70